We have discussed this Stock Last Week and we were able to achieve our target of 26 above 24 in 1 Week Time Frame suggesting more Upside is visible as Momentum and Volume are both present in the Stock
TRIO MERCANTILE & TRADING LTD. BSE Ticker TRIOMERC | 534755
TRIOMERC has been quiet active from last few days as stock has seen a surge in volumes in last 2 weeks and price has been rising.
TRIOMERC is now trading in a channel on Daily time frame and once we close above 25.5 we can see a channel breakout and a move towards 28 off levels which weekly charts are also confirming.
Weekly Chart on TRIO MERCANTILE is signifying we are near a breakout level on a Weekly Time Frame, Weekly Breakout are always big in nature when accompanied with Volumes.
Any Close above 26 will signify we can quickly reach 28 odd levels and we will revisit the chart once we achieve the target of 28.
Short Term Traders can go long in range of 25-25.2 with SL of 23.5 for a target of 26/27/28 in 2 Weeks Time Frame
The above Stocks is not investment pick as I am not expert in Fundamental analysis but a short term pick for gain of 8-10 % purely based on Technical Analysis.Please also do your own study before trading this stock and trade in small quantity also be strict with Stoploss.Bramesh Bhandari and his family/associates/ analysts would have exposure in the securities mentioned in the above article.